Acquisitions (Tables)

9 Months Ended

Sep. 28, 2013

Schedule of Business Acquisitions, by Acquisition

The following is a summary of the preliminary estimates of the assets acquired and liabilities assumed (amounts in millions):




Current assets (1)	$	60.4
Property and equipment, net	2.6
Goodwill	68.5
Intangible assets	84.0
Other assets	0.1
Accounts payable and accrued expenses	(20.1		)
Deferred income taxes	(31.3		)
Purchase price	$	164.2


(1)	Includes cash of approximately $3.4 million, accounts receivable of approximately $42.6 million, inventories of approximately $14.3 million, and other current assets of approximately $0.1 million. Inventories include a fair value adjustment to the historical carrying value of approximately $3.1 million, which was fully amortized in the second quarter of 2013.

Schedule of Finite-Lived Intangible Assets Acquired

The following is a summary of the estimated fair values and weighted average useful lives by intangible asset class (amounts in millions, except for weighted average useful lives):



	Fair Value		Weighted Average Useful Lives
Customer relationships	$	73.1	10.0
Completed technology	6.1		7.0
Trademarks	4.8		10.0
	$	84.0	9.7

Business Acquisition, Pro Forma Information

The unaudited pro forma net sales, operating earnings, net earnings, basic and diluted earnings per share, and depreciation and amortization expense for the Company as a result of the acquisition of 2GIG for the periods presented were as follows:



	Year Ended		Nine months of
	Dec. 31, 2012		2013		2012
	(Dollar amounts in millions)
Net sales	$	2,247.3	$	1,771.0	$	1,735.7
Operating earnings	122.9		89.1		109.7
Net earnings	5.3		7.4		19.4
Basic earnings per share	0.35		0.48		1.28
Diluted earnings per share	0.34		0.47		1.25
Depreciation & amortization expense	96.0		69.4		72.6